RSA-MVP Mega-Tollways Merger Talks Set for Completion This Month

Discussions regarding the anticipated merger between Metro Pacific Tollways Corp. (MPTC), led by tycoon Manuel V. Pangilinan, and San Miguel Corp. (SMC) Tollways, headed by Ramon S. Ang, are expected to conclude by the end of October. MPTC President and CEO Rogelio “Babes” Singson disclosed the timeline during the Management Association of the Philippines (MAP) meeting in Taguig City.

The merger aims to combine MPTC and SMC Tollways at the holding company level, leaving the operational entities unaffected. The two tollway giants previously announced a joint venture to construct the Cavite-Batangas Expressway (CBEX) and the Nasugbu-Bauan Expressway (NBEX), with a combined investment of P72 billion. MPTC’s recently acquired Indonesian toll assets will also be integrated into the joint venture.

However, the merger will require a review by the Philippine Competition Commission (PCC) before proceeding. Meanwhile, Singson, who was recently awarded “Management Person of the Year 2024” by MAP, confirmed he will step down as MPTC chief, with Clark International Airport Corp. president Arrey Perez set to succeed him.